This morning, we all woke up and came in and. And you just address it on the tariffs. It was a63 vote.What when you initially saw that, were you surprised. Were you. Is that something you were anticipating that the vote would go the way it did or.I know you mentioned a lot of the things that they didn't vote on, but is it did it kind of go the way you thought. I was a little surprised because I was in the Supreme Court hearing, mercifully. I am not a lawyer.When people say, how do you like D. C. I said, the ...

全球财经媒体昨夜今晨共同关注的头条新闻主要有： 特朗普与内塔尼亚胡会晤 表示更倾向与伊朗达成协议 美国总统唐纳德·特朗普表示，他告诉以色列总理本杰明·内塔尼亚胡，自己打算继续推进与伊朗的会 谈，并且尽管这位到访领导人有所保留，他仍倾向于与伊朗达成协议。 1、特朗普与内塔尼亚胡会晤 表示更倾向与伊朗达成协议 2、美国非农意外录得逾一年最大增数 交易员将联储恢复降息预期押后至7月 3、边问边买 谷歌将AI购物功能嵌入搜索与Gemini 4、苹果公司推出新版Siri的计划再遇阻 多项备受期待的功能或推迟发布 5、道明证券将美联储下次预期降息时间从3月推迟至6月 料年内有三次行动 6、 美最高法院裁决之际，关税收入飙升超 300% 特朗普在周三与内塔尼亚胡会面后，在社交媒体发文称，两人进行了"一次非常好的会谈"，而且"我们 两国之间的深厚关系仍在延续"。 "除我坚持与伊朗的谈判继续进行、看看是否能够促成一项协议之外，没有达成任何确定性的结果，" 这位美国总统接着写道，"如果可以，我已经让总理知道，那将是我的优先选择。如果不行，我们就只 能看看结果会是什么。" 美国非农意外录得逾一年最大增数 交易员将联储恢复降息预期押 ...

美国政府 1 月财政赤字较去年同期有所收窄，同时关税收入激增，这也凸显出外界期待已久的最高法院 裁决对联邦财政健康的关键影响。 当月海关关税收入达 300 亿美元，本财年至今累计 1240 亿美元，较 2025 年同期增长 304%。 美国总统特朗普于 2025 年 4 月首次开征关税，对所有进入美国的商品和服务全面征收，并针对多个国 家推出所谓 "对等关税"。此后，白宫与贸易伙伴持续谈判，部分激进关税有所松动，但在相关议题上 仍态度强硬。 去年 11 月，最高法院就特朗普关税合法性的相关诉讼举行了口头辩论，原定于今年 1 月作出裁决。目 前最高法院尚未宣判，白宫方面担忧，若裁决结果不利，美国可能需要退还迄今征收的全部关税。 关税收入有效缓解了预算赤字增速。 美国财政部报告显示，本财年第四个月（1 月），财政赤字约 950 亿美元，同比减少约 26%。 未经日历调整的数据显示，本财年至今联邦财政赤字为 6970 亿美元，较 2025 财年同期下降 17%；经 日历调整后，赤字降幅为 21%。 规模达 38.6 万亿美元的美国债务利息，仍是国家财政的沉重负担。1 月净利息支出 760 亿美元，仅次于 医疗保险、 ...

来源：滚动播报 美联储米兰：关税收入和更高的经济增长将有助于减少赤字。 ...

Market Overview - The three major U.S. indices experienced slight declines, with the Dow Jones down 398.21 points (0.80%) to 49,191.99 points, the Nasdaq down 24.03 points (0.10%) to 23,709.87 points, and the S&P 500 down 13.56 points (0.19%) to 6,963.71 points [2] - In European markets, the DAX30 index rose by 32.66 points (0.13%) to 25,430.43 points, while the FTSE 100 index fell by 7.08 points (0.07%) to 10,133.62 points [2] Economic Indicators - The U.S. December core Consumer Price Index (CPI) rose by 0.2% month-over-month and 2.6% year-over-year, both figures lower than market expectations by 0.1 percentage points [1] - The overall CPI figures met market expectations, indicating a potential easing of inflation towards the Federal Reserve's 2% target, although housing costs, a key inflation driver, increased by 0.4% month-over-month and 3.2% year-over-year [1] Company News - Boeing reported a total of 1,175 aircraft orders for 2025, surpassing Airbus's 1,000 orders, marking the end of a seven-year decline [10] - Boeing's deliveries totaled 600 aircraft for the year, with December seeing the highest monthly delivery of 63 aircraft, despite trailing behind Airbus's 793 deliveries [10] - Meta Platforms is in discussions to double the production of Ray-Ban AI glasses to over 20 million units by the end of 2026, with potential for further increases based on demand [11]

Core Insights - The U.S. budget deficit for the fiscal year 2025 is projected to narrow to $1.67 trillion, the lowest level in three years, driven by record increases in tariff revenues [1] Group 1: Budget Deficit and Revenue - The U.S. Treasury reported a monthly deficit of $145 billion for December, with a cumulative deficit of $602 billion for the first three months of fiscal year 2026, which began on October 1 of the previous year [1] - Tariff revenues reached $264 billion for the fiscal year 2025, an increase of approximately $185 billion compared to the previous year [1] Group 2: Tax Revenue Trends - Corporate income tax revenues fell to $65 billion in December, marking a 28% year-over-year decline [1] - Tariff revenue growth has been offset by the impacts of the Trump tax reform, which is beginning to show negative effects on overall tax revenues [1] Group 3: Future Considerations - The recent surge in tariff revenues may soon be affected by a Supreme Court ruling regarding the legality of several tariff measures implemented under the Trump administration [1]

Core Viewpoint - The U.S. Supreme Court has delayed a decision on the global reciprocal tariffs imposed by the Trump administration under the International Emergency Economic Powers Act (IEEPA), leading to uncertainty in the market regarding future trade policies and their economic implications [1][2]. Group 1: Market Reactions and Expectations - The market anticipates that if the IEEPA tariffs are overturned, bond yields may rise due to concerns over fiscal deficits, while stock markets could benefit from eased profit pressures on retailers and a more relaxed fiscal stance [1][10]. - Conversely, if the tariffs are upheld, both bond yields and stock markets are expected to decline, with the market currently leaning towards the expectation of an overturn, which could lead to significant price impacts [10] Group 2: Revenue and Economic Impact - Current tariff revenues are estimated at approximately $30 billion per month, accounting for about 1.2% of GDP, with 55% to 65% of this revenue attributed to IEEPA-related tariffs [7]. - If the IEEPA tariffs are overturned, the government may resort to alternative legal provisions to recover some revenue, potentially leading to a net loss in overall tariff income of about 0.3% of GDP, equating to approximately $90 billion annually [8]. Group 3: Implications for Growth and Inflation - Regardless of the Supreme Court's ruling, trade policies are expected to support economic growth this year, with potential government actions aimed at reducing trade uncertainties and promoting more market-friendly outcomes [11]. - The short-term inflation impact may lean slightly downward, as retailers who have passed on tariff costs may hold prices steady or even reduce them, providing some room for the Federal Reserve to consider further rate cuts [11]. Group 4: Tariff Collection Discrepancies - The effective tariff rate has been lower than expected, currently at 11.2%, significantly below the theoretical rate of 14.5%, due to importers shifting towards lower-tariff products and exemptions [12]. - This discrepancy indicates that the Supreme Court's decision may have a muted impact on the market and macroeconomic conditions, as the actual revenue collected is less than anticipated [12].

Group 1 - The U.S. Supreme Court will not make a ruling on the Trump administration's tariff case on January 9, focusing on whether the administration had the authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA) and if the government must refund tariffs paid by importers if deemed illegal [1] - U.S. Treasury Secretary Scott Bessenet emphasized the importance of maintaining tariff revenue levels, noting that an unfavorable ruling would limit the President's flexibility in using tariffs as negotiation tools, which would be a loss for the American public [1] - The Trump administration initially cited IEEPA to impose tariffs as an emergency measure to prevent fentanyl from entering the U.S. [1] Group 2 - The actual effects of the Trump administration's tariff policy differ from initial analyst predictions, showing limited impact on U.S. inflation while significantly reducing the trade deficit, which fell to its lowest level since the 2009 financial crisis by October 2025 [2] - The substantial decline in imports during this period is linked to the recession caused by the financial crisis [2] - The implications of the tariff ruling on U.S. trade dynamics, fiscal health, and global economic interactions will gradually become apparent, warranting ongoing monitoring of policy adjustments and market reactions [2]

Core Insights - Mauritania's tax revenue for 2025 reached 352.9 billion Ouguiyas, exceeding the target of 352.7 billion Ouguiyas for the first time [1] Tax Revenue Trends - Over the past three years, Mauritania's tax collection has shown a gradual upward trend [1] - The tax target for 2023 was 262.9 billion Ouguiyas, with actual revenue at 246.9 billion Ouguiyas, achieving a completion rate of 93% [1] - For 2024, the tax target was set at 327.9 billion Ouguiyas, with actual revenue of 318.8 billion Ouguiyas, resulting in a completion rate of 97% [1] Customs Revenue - From January 1 to December 31, 2025, customs revenue amounted to 40.5 billion Ouguiyas, exceeding expectations by 6.6 billion Ouguiyas [1] - The total tax and customs revenue for 2025 increased by 10.3 billion Ouguiyas compared to 2024, with customs revenue being a major source of national finance [1]

Tariff revenue declined month-over-month for the first time since President Donald Trump imposed import taxes in April, according to Treasury Department data released on Wednesday. The government collected $30.75 billion in customs duties in November, down from $31.35 billion in October.Revenue Peaks Then FallsTariff collections rose to $15.6 billion in April after Trump's “Liberation Day” taxes and kept increasing each month through October.The November decline comes after the administration rolled back ta ...